AutoStore publishes 2024 annual report

25 Apr 2024 06:00 CEST

(Nedre Vats, 25 April 2024): AutoStore Holdings Ltd (AutoStore, OSE:AUTO) today
publishes its annual report for 2023. The report combines annual financial and
sustainability reporting.

Throughout 2023, AutoStore focused on strategy and operational excellence to
gain share in an underpenetrated market. The result was continued year-over-year
revenue growth of 10.6 percent, increased market share and a return to
historically high adjusted EBITDA margins of 47.8 percent.

During 2023, AutoStore reached 1,400 systems sold in total, delivered to 1,000
customers in 54 countries. In total, AutoStore has sold 64,500 robots across the
globe.

"AutoStore continues to attract business and outgrow the market. Consumer
-orientated businesses have been more careful with investments in the past 12-24
months, with decision-making processes often taking longer. However, there is no
diminished appetite for automation, with stable demand throughout the period and
strong positive signs developing in the wider market," commented Mats Hovland
Vikse, AutoStore CEO.

The report follows enclosed as a PDF and ESEF format. To download the report,
please visit: www.autostoresystem.com/investors/reports-presentations

For further information, please contact: Jo Christian Lund-Steigedal, Investor
Relations

Telephone: +47 41508733 | Info.ir@autostoresystem.com

This information is subject to disclosure requirements pursuant to Section 5-12
of the Norwegian Securities Trading Act.

About AutoStore | www.autostoresystem.com

AutoStoreT, founded in 1996, is a technology company that develops order
-fulfillment solutions to help businesses achieve efficiency gains within the
storage and retrieval of goods. The company offers both hardware and software
capabilities and the AutoStore technology is interoperable with other third
-party solutions.

AutoStore is global, with ~1,450 Systems in 54 countries. All sales are
distributed, designed, installed, and serviced by a network of qualified system
integrators referred to as "partners".

AutoStore was founded in Nedre Vats, on the west coast of Norway. The company
has offices in Norway, the U.S., UK, Germany, France, Spain, Italy, Austria,
South Korea, Japan, Australia, and Singapore, as well as assembly facilities in
Poland.

More information:
Access the news on Oslo Bors NewsWeb site

616707_AutoStore_Annual_Report_2023.pdf
616707_549300KYN3M0LSM5A413_2023_12_31_en.zip